I bought $1k of the Top 10 Cryptos on January 1st, 2023 (MARCH Update/Month 3/+40%)

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I bought $1k of the Top 10 Cryptos on January 1st, 2023 (MARCH Update/Month 3/+40%)

I bought $1k of the Top 10 Cryptos on January 1st, 2023 (MARCH Update/Month 3/+40%)

https://preview.redd.it/oneyjs9ngvua1.png?width=666&format=png&auto=webp&s=7fb9e315e3d7504417873982e770737947641d20

Find the full blog post with all the tables and graphs here.

Welcome to your monthly no-shill data dump: Here's the 2nd monthly report for the 2023 Top Ten Experiment featuring BTC, ETH, BNB, XRP, BUSD, DOGE, ADA, MATIC, DOT, and LTC.

SNAPSHOTS ALWAYS TAKEN ON FIRST OF THE MONTH (data below reflects 1 APRIL Snapshot).

tl;dr

  • What's this all about? I purchased $100 of each of Top 10 Cryptos in Jan. 2018, haven't sold or traded, reporting monthly for over 5 years. Did the same in 2019, 2020, 2021, 2022, and 2023. Learn more about the history and rules of the Experiments (including why in the world I would include stablecoins) here. Learn more about the new features in the 2023 Top Ten Experiment here.
  • MARCH Highlights:XRP outperforms the field in March by far, BTC takes overall lead from February and takes the overall lead from MATIC.
  • The 2023 portfolio is +40% so far this year. DCA'ing once a year into Top Ten Cryptos for the last 6 years has produced much better returns than S&P 500 over the same time period.
  • New feature: for the third straight month, AMKT outperforms my Top Ten in March and is +63% vs. the Top Ten's +40% in this year’s friendly competition between The Top Ten Portfolio and The Alongside Crypto Market Index Token (AMKT).

Month Three – Up +40%

https://preview.redd.it/tittxtmugvua1.png?width=1207&format=png&auto=webp&s=463ffe4a47a6020ba5f2a26bf837c20e5bcbe702

The 2023 Top Ten Crypto Index Fund Portfolio is BTC, ETH, BNB, XRP, BUSD, DOGE, ADA, MATIC, DOT, LTC.

March highlights for the 2023 Top Ten Portfolio:

  • After an all-green January, two straight mixed months for the 2023 Top Ten
  • XRP (+34%) outperformed the field this month. BTC turned in the second best performance of March and is in the overall lead.
  • All cryptos in positive territory for the year

March Ranking and Dropouts

Here’s a look at the movement in the ranks three months into the 2023 Top Ten Index Fund Experiment:

https://preview.redd.it/wz5bk10wgvua1.png?width=370&format=png&auto=webp&s=10a10767e268a07718e88a4ec22a8dec32076edf

Remarkably steady so far during the first 90 days of 2023 and no dropouts yet.

March Winner and Loser

March WinnerXRP rose +34% in March, significantly outperforming the other Top Ten cryptos. .

March Loser – After a strong first couple months of 2023, MATIC lost some momentum, falling -11% this month.

Overall Update: BTC overtakes MATIC for the lead, all crypto in the green.

Every crypto in this year’s Experiment is in positive territory.

BTC overtook MATIC this month to take the top spot. This is the first time this year that Bitcoin has held the overall lead. The initial $100 invested in BTC ninety days ago is worth $171 today.

ADA is next, +59% since New Year’s Day.

DOGE is turning in the worst non-stablecoin performance so far, but is still in the green at +12% for the year.

Overall return on $1,000 investment since January 1st, 2023:

https://preview.redd.it/ivvsf7aygvua1.png?width=333&format=png&auto=webp&s=2e0ee6a10cc473892567dacce33c88f85c4595ec

The 2023 Top Ten Portfolio gained $60 in March. The initial $1000 investment on New Year’s Day 2023 is now worth $1,402.

Here’s a visual summary of the progress so far:

https://preview.redd.it/azghe2dzgvua1.png?width=252&format=png&auto=webp&s=c395058b629410f8da5f34d48f98a4485a548a9d

2023 Top Ten Portfolio vs. The Alongside Crypto Market Index Token (AMKT).

New feature this year – The first Top Ten Crypto Experiment was started on 1 January 2018 in an attempt to capture the gains of the entire market. Much has changed in the last 5 years, including the introduction of index products designed to capture the entire crypto market instead of manually buying coins and tokens (like I do for my Experiments).

This year’s friendly competition is between The 2023 Top Ten Portfolio and The Alongside Crypto Market Index Token (AMKT). AMKT is an ERC-20 token that represents a cap weighted index of the Top 25 Cryptocurrencies (minus stablecoins) backed 1:1 by the underlying assets represented within the index. Since the Top 25 represent approximately 97% of the value within crypto, AMKT is an excellent proxy for the entire cryptocurrency market – exactly what my Top Ten Portfolios have been trying to recreate from the start.

Here’s the question I’m tracking this year: would I have been better off with $1,000 of AMKT instead of going through the effort of creating a homemade $1,000 Top Ten Index Fund?

On 1 January 2023, $1000 was equal to 17.15 AMKT. Three months into the Experiment, here’s the AMKT snapshot:

https://preview.redd.it/d4jnmwr0hvua1.png?width=499&format=png&auto=webp&s=892e9e3d9ca6ce44d08502d28eecd6f3b394dbf6

March Performances:

  • The 2023 Top Ten Portfolio: +4%
  • AMKT: +14%

The March monthly victory goes to: The Alongside Crypto Market Index Token (AMKT)

Overall since January 1st, 2023:

  • The 2023 Top Ten Portfolio: current value $1,402 (+40%)
  • AMKT: current value $1,631 (+63%)

Overall lead: The Alongside Crypto Market Index Token (AMKT)

For the more visual, here’s the table I’ll be using to track the friendly Top Ten vs. AMKT competition this year:

https://preview.redd.it/93395m12hvua1.png?width=512&format=png&auto=webp&s=5a5ca9a30e3254f0b8e42c22c71335364f03e6aa

Combining the 2018, 2019, 2020, 2021, 2022, and 2023 Top Ten Crypto Portfolios

So, where do we stand if we combine six years of the Top Ten Crypto Index Fund Experiments?

  • 2018 Top Ten Experiment: down -35% (total value $646)
  • 2019 Top Ten Experiment: up +228% (total value $3,284)
  • 2020 Top Ten Experiment: up +388% (total value $4,883) (best performing portfolio)
  • 2021 Top Ten Experiment: up +94% (total value $1,937)
  • 2022 Top Ten Experiment: down -69% (total value $313) (worst performing portfolio)
  • 2023 Top Ten Experiment: up +40% (total value $1,402)

Taking the six portfolios together, here’s the bottom bottom bottom bottom bottom bottom line:

After a $6,000 total investment in the 2018, 2019, 2020, 2021, 2022, and 2023 Top Ten Cryptocurrencies, the combined portfolios are worth $12,465.

That’s up +108% on the combined portfolios. The peak for the combined Top Ten Index Fund Experiment Portfolios was November 2021’s all time high of +533%. Here’s the combined monthly ROI since I started tracking the metric in January 2020 for those who do better with visuals:

https://preview.redd.it/dyobuj43hvua1.png?width=1198&format=png&auto=webp&s=8d7994a36685d5b8151495b74d0ceeb9c732ea0c

In summary: That’s a +108% gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st (including stablecoins) for six straight years.

Comparison to S&P 500

I’m also tracking the S&P 500 as part of my Experiment to have a comparison point to traditional markets.

https://preview.redd.it/35jo6s84hvua1.png?width=1076&format=png&auto=webp&s=b9e36f6d6c66d03f6fdd248af42682d594e70574

The S&P 500 is up +7% so far in 2023, so the initial $1k investment into crypto on New Year’s Day would be worth $1,070 had it been redirected to the S&P.

Taking the same invest-$1,000-on-January-1st-of-each-year approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments, the yields are the following:

  • $1000 investment in S&P 500 on January 1st, 2018 = $1,540 today
  • $1000 investment in S&P 500 on January 1st, 2019 = $1,640 today
  • $1000 investment in S&P 500 on January 1st, 2020 = $1,270 today
  • $1000 investment in S&P 500 on January 1st, 2021 = $1,090 today
  • $1000 investment in S&P 500 on January 1st, 2022 = $860 today
  • $1000 investment in S&P 500 on January 1st, 2023 = $1,070 today

Taken together, here’s the bottom bottom bottom bottom bottom bottom line for a similar approach with the S&P:

After six $1,000 investments into an S&P 500 index fund in January 2018, 2019, 2020, 2021, 2022, and 2023 my portfolio would be worth $7,470.

That is up +25% since January 2018 compared to a +108% gain of the combined Top Ten Crypto Experiment Portfolios.

The visual below shows a comparison on ROI between a Top Ten Crypto approach and the S&P as per the rules of the Top Ten Experiments:

https://preview.redd.it/59v4ake5hvua1.png?width=1150&format=png&auto=webp&s=af0e47b0e2514497367e7f3051bc0394c3acb38a

Conclusion:

To the long time followers of the Top Ten Experiments, thank you for sticking around so long. For those just getting into crypto, I hope these reports will help prepare you for the highs and lows that await on your crypto adventures. Buckle up, go with the flow, think long term, and truly don’t invest what you can’t afford to lose. Most importantly, try to enjoy the ride.

A reporting note: I’ll focus on 2023 Top Ten Portfolio reports + one other portfolio on a rotating basis this year, so expect two reports per month. March’s extended report covers the 2020 Top Ten Portfolio, which you can access here. You can check out the latest 2018 Top Ten, 2019 Top Ten, 2021 Top Ten, and 2022 Top Ten reports as well.

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